MMTC Limited Director (Finance) Recruitment 2026: Eligibility, Salary, Application Process

MMTC Limited, a Schedule ‘A’ Miniratna CPSE under the Ministry of Commerce & Industry, has announced the Director (Finance) vacancy for 2026, offering a high-profile Board-level leadership role overseeing the company’s entire financial ecosystem, including finance, accounts, fund management, asset monetization, debt recovery, statutory compliance, and joint venture oversight.

The position carries a competitive IDA pay scale of ₹1.80–3.40 lakh and is open to senior finance professionals aged 45+ from CPSEs, government services, PSBs, large SPSEs, or private companies with ₹2,000 crore+ turnover, preferably holding CA (most preferred), CMA, or MBA (Finance) qualifications and at least five years of senior-level experience in corporate financial management.

Applications must be submitted through PESB by 30 January 2026, with strict eligibility checks, documentation requirements, and debarment rules for non-joining candidates, making this a prestigious and highly competitive opportunity for seasoned finance leaders seeking strategic responsibility in India’s premier international trading enterprise.

MMTC Limited Director (Finance) Job Opening 2026: Complete Guide to Corporate Finance Leadership Role in Miniratna CPSE

Overview of MMTC Limited and the Director (Finance) Opportunity

MMTC Limited, a Schedule “A” Miniratna Central Public Sector Enterprise (CPSE) under the Department of Commerce, Ministry of Commerce & Industry, has announced an exciting opportunity for talented finance professionals seeking leadership roles in corporate financial management. The organization, headquartered in New Delhi, is India’s premier international trading house specializing in minerals, ores, bullion, ferrous and non-ferrous metals, fertilizers, coal, and agricultural commodities.

For professionals interested in corporate accounts management and seeking positions with significant financial management responsibilities, this role represents a prestigious opportunity to lead finance operations in a Miniratna CPSE with global trading operations. The position offers competitive compensation ranging from Rs. 180,000 to Rs. 340,000 (IDA) for candidates ready to take on senior-level financial management roles in the trading and marketing services sector.

About MMTC Limited: Financial and Operational Background

Understanding the organizational context is essential for candidates aspiring to senior finance director positions. MMTC Limited operates with:

• Authorized Capital: Rs. 200 crore
• Paid-up Capital: Rs. 150 crore (as of November 30, 2025)
• Government of India Shareholding: 89.9269%
• Workforce: 257 regular employees including executives (132) and non-executives (111)
• Joint Venture: MMTC-PAMP India Pvt. Ltd., operating a precious metal processing facility

This corporate financial structure demonstrates substantial asset management responsibilities and the complexity of fund management in a multinational trading enterprise. Professionals with expertise in investment banking services and asset planning will find this environment particularly aligned with their career development.

Detailed Job Description and Responsibilities for Director (Finance)

The Director (Finance) position carries comprehensive responsibility for all financial operations within MMTC Limited. Key responsibilities include:

Primary Financial Management Duties

Overall Financial Leadership and Fund Management: As the chief financial officer of the organization, the Director (Finance) maintains complete oversight of finance, accounts, and fund management operations. This role demands expertise in corporate financial management at the highest level, including:

• Strategic financial planning and analysis
• Capital management and allocation decisions
• Oversight of the organization’s investment portfolio
• Debt recovery management and legal settlement processes
• Monetization of corporate assets
• Compliance with statutory and regulatory requirements

Key Operational Areas

Finance-Related Issues and Problem-Solving: The Director must address complex financial management challenges, including:

• Resolution of intricate accounting issues
• Settlement of legal cases related to financial disputes
• Debt recovery strategies and execution
• Financial compliance across all operational divisions

Joint Venture Oversight: Supervision of MMTC-PAMP India Pvt. Ltd. operations, including precious metal processing facility performance metrics, financial reporting, and strategic alignment with parent company objectives.

Statutory Compliance: Ensuring complete adherence to corporate financial governance standards, regulatory frameworks, and accounting standards in all financial operations.

Asset Monetization and Optimization: Managing the strategic monetization of company assets to optimize shareholder value and support organizational financial objectives.

Eligibility Criteria: Who Should Apply for This Finance Director Role

Understanding the eligibility requirements is crucial before investing time in the application process. MMTC has established comprehensive criteria to ensure only qualified candidates advance.

Age Requirements

• For Internal Candidates: Minimum 45 years
• For External Candidates: Minimum 45 years
• Maximum: Determined by age of superannuation (60 years), with candidates requiring minimum 2-3 years residual service

Employment Status Requirements

Applicants must be employed in a regular capacity (not contractual or ad-hoc) in one of these recognized organizations:

• Central Public Sector Enterprises (CPSE) including full-time functional Directors on CPSE Boards
• Central Government Group ‘A’ Officers including Armed Forces of the Union and All India Services
• Officers from Public Sector Banks or Financial Institutions
• Autonomous Bodies under Central Government
• State Public Sector Enterprises (SPSE) with annual turnover of Rs. 2,000 crore or more
• Private Sector companies with annual turnover of Rs. 2,000 crore or more (preference given to listed companies)

Educational Qualifications

Candidates must hold one of the following professional credentials:

Preferred Qualification:

• Chartered Accountant (CA) – Most preferred

Alternative Qualifications:

• Cost Accountant (CMA)
• Full-time MBA or PGDM with Finance Specialization from recognized universities or institutions with demonstrable good academic record

Exemptions for Government Officers: Officers from Organized Group ‘A’ Accounts Services (Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service, and Indian Cost Accounts Service) may be exempted from formal education qualifications if they possess relevant experience as specified.

Experience Requirements

Minimum Five Years of Senior-Level Experience: Candidates must demonstrate:

• Minimum 5 years of cumulative experience at senior level during the preceding 10 years
• Specialization in Corporate Financial Management or Corporate Accounts in organizations of established repute
• Proven track record of managing complex financial operations
• Experience with financial planning and analysis in large-scale enterprises

For Government Accounts Services Officers: Must provide either:

Option A: Chartered Accountancy/Cost Accountancy/MBA (Finance specialization) qualification PLUS 5 years of senior-level experience in financial management or corporate accounts

Option B: 5 years of cumulative senior-level experience in Corporate Financial Management or Corporate Accounts (qualification requirement waived)

Current Position/Pay Scale Requirements

To maintain organizational hierarchy standards, applicants must be:

From CPSE: Already employed at an eligible scale of pay, with minimum 1-year service for internal candidates and 2-year service for external candidates

From Central Government/All India Services: Holding a post equivalent to Joint Secretary level or equivalent pay scale on substantive basis

From Public Sector Banks/Financial Institutions: Employed at Board level or at post level immediately below Board level (minimum 1-year tenure)

From Armed Forces: Holding rank of Major General (Army) or equivalent rank in Navy/Air Force

From SPSE/Private Sector: Employed at Board level position or at post level immediately below Board level

Compensation Package and Pay Scale Details

Understanding the financial compensation structure is essential for candidates evaluating this opportunity against other senior-level corporate positions:

Base Salary Structure

Schedule A Post Salary: Rs. 180,000 – Rs. 340,000 (IDA)

This attractive compensation package positions the Director (Finance) role competitively within India’s corporate financial management landscape. The salary structure accommodates experience and performance-based increments within the approved pay band.

Eligible Pay Scale Considerations

Candidates from government backgrounds should note the extensive eligible pay scale range, which includes:

• Rs. 7,250-8,250 (IDA) Pre-01/01/1992
• Rs. 9,500-11,500 (IDA) Post 01/01/1992
• Rs. 20,500-26,500 (IDA) Post 01/01/1997
• Rs. 51,300-73,000 (IDA) Post 01/01/2007
• Rs. 120,000-280,000 (IDA) Post 01.01.2017
• Rs. 18,400-22,400 (CDA) Pre-revised Post 01.01.1996
• Rs. 37,400-67,000 + GP 10,000 (CDA) Post 01/01/2006
• Rs. 144,200-218,200 (Level 14) (CDA) Post 01/01/2016

This tiered pay structure reflects the experience levels and backgrounds of eligible candidates from various government and corporate sectors.

Application Process: How to Apply

The application procedure requires careful attention to submission channels and deadlines. MMTC has established distinct pathways based on candidate background:

Application Submission Methods

Online Application: All candidates must submit applications through the PESB (Public Enterprises Selection Board) official website at https://pesb.gov.in/

Submission Options:

1. Direct Online Submission: Fill the online application form and submit directly through PESB website
2. Offline Submission: Fill the online form, print it, and mail it through proper channels

Submission Channels by Candidate Category

Group ‘A’ Central Government Officers, All India Services, and Armed Forces: Submit through Cadre Controlling Authority

Public Sector Bank/Financial Institution Officers: Submit through Administrative Ministry or Department of Government of India

CPSE CMDs/MDs/Functional Directors: Submit through concerned Administrative Ministry

CPSE Below Board-Level Officers: Submit through the respective CPSE

State PSE Senior Officials: Submit through Administrative Secretary and Cadre Controlling Authority

Below Board-Level SPSE Candidates: Submit through the concerned State PSE

Private Sector Candidates: Submit directly to PESB

Documents Required for Private Sector Candidates

Private sector applicants must provide comprehensive supporting documentation:

• 3 Years of Annual Reports: Audited annual reports for the three financial years preceding the advertisement year
• Company Listing Proof: Documentary evidence of whether the company is listed on stock exchange
• Board-Level Position Evidence: Documents substantiating current employment at Board level or immediately below
• Educational Qualifications: Self-attested copies of degree certificates and professional qualifications
• Relevant Experience Documentation: Detailed descriptions of previous positions and responsibilities

Critical Deadlines

• Last Date for Applicant Submission: 3:00 PM on January 30, 2026
• Last Date for Nodal Officer Forwarding: 5:00 PM on February 9, 2026
• Processing Note: All applications must be complete in every respect; incomplete or late applications will be rejected without exception

Undertakings and Conditions for Candidates

The recruitment process includes important undertakings regarding commitment and career implications:

Mandatory Commitment Declaration

All applicants must provide a formal undertaking confirming willingness to join the position if selected. Applications lacking this declaration will be automatically rejected.

Debarment Policies for Non-Joining Candidates

MMTC enforces strict policies regarding candidate commitment:

For Central Government/Armed Forces/All India Services Candidates:

• Unwillingness After Interview: 2-year debarment from Board-level positions in any CPSE
• Unwillingness After Offer: 2-year debarment from Board-level positions in any CPSE

For CPSE-Origin Candidates:

• Unwillingness After Interview: 2-year debarment from Board-level positions in CPSEs (except originating organization)
• Unwillingness After Offer: 2-year debarment from Board-level positions in other CPSEs

For SPSE and Private Sector Candidates:

• Unwillingness After Interview: 2-year debarment from Board-level CPSE positions
• Unwillingness After Offer: 2-year debarment from Board-level CPSE positions

Note: No requests for relaxation of these policies will be entertained.

Selection Process and Board Review

The Public Enterprises Selection Board reserves the right to shortlist candidates based on established guidelines and organizational requirements. The selection process typically includes:

• Document verification and eligibility confirmation
• Vigilance clearance assessment
• Interview with PESB panel
• Appointment offer subject to final clearances

Appointment Terms and Duration

Position Duration: The appointment is for a 5-year tenure from the date of joining, or until the date of superannuation, whichever comes first, subject to satisfactory performance and organizational requirements.

Tenure Extension: While the initial appointment is for 5 years, PESB retains discretion regarding extension or further orders based on organizational needs and individual performance.

Why This Role Matters: Career Development in Corporate Finance Leadership

This Director (Finance) position offers exceptional value for experienced corporate finance professionals and financial management experts seeking:

• Prestigious Board-level appointment in a Miniratna CPSE
• Strategic financial management responsibilities in a global trading enterprise
• Asset planning and optimization experience
• Debt recovery and legal settlement expertise development
• Corporate governance compliance leadership
• International trading finance exposure through MMTC’s global operations

Preparation Tips for Candidates

Prospective applicants should:

1. Verify Eligibility: Confirm your employment status, qualifications, and experience against all criteria
2. Gather Documentation: Collect all necessary certificates, performance records, and organizational proofs
3. Seek Vigilance Clearance: Request vigilance clearance from your current employer immediately
4. Prepare Application: Draft comprehensive responses highlighting financial management expertise, corporate accounts proficiency, and relevant achievements
5. Understand Commitment: Ensure genuine interest in the position before applying, given debarment policies
6. Meet Deadlines: Submit applications well before 3:00 PM on January 30, 2026

Conclusion

The MMTC Limited Director (Finance) position (Advertisement No. 4/2026) represents a significant opportunity for experienced corporate finance professionals and chartered accountants seeking prestigious leadership roles in financial management within India’s premier trading house.

With competitive compensation, substantial corporate accounts oversight responsibilities, and the prestige of a Miniratna CPSE Board position, this role offers an ideal platform for furthering your corporate financial management career.

The comprehensive eligibility framework ensures that only the most qualified candidates advance, making it a competitive but rewarding opportunity for those meeting the stringent financial management and experience requirements.

FAQs

What is the post announced by MMTC Limited for 2026?
MMTC Limited has announced the post of Director (Finance), a Board-level position.

Which organization is recruiting for the Director (Finance) post?
The recruitment is being conducted for MMTC Limited, a Schedule ‘A’ Miniratna CPSE.

Under which ministry does MMTC Limited function?
MMTC Limited operates under the Ministry of Commerce & Industry, Government of India.

What is the pay scale for MMTC Director (Finance)?
The pay scale is ₹1,80,000 to ₹3,40,000 (IDA).

Is the Director (Finance) role a Board-level position?
Yes, it is a functional Director position on the Board of MMTC Limited.

What is the minimum age requirement for applicants?
Applicants must be at least 45 years old.

What is the maximum age limit for the post?
The maximum age is linked to superannuation at 60 years, with at least 2–3 years of residual service required.

What is the tenure of appointment for Director (Finance)?
The appointment is for 5 years or until superannuation, whichever occurs earlier.

Who can apply for the MMTC Director (Finance) post?
Candidates from CPSEs, Central Government, All India Services, Armed Forces, PSBs, Financial Institutions, SPSEs, and eligible private sector companies can apply.

Are private sector candidates eligible to apply?
Yes, provided they work in companies with an annual turnover of ₹2,000 crore or more.

Is preference given to listed private sector companies?
Yes, preference is given to candidates from listed companies.

What is the preferred educational qualification?
Chartered Accountant (CA) is the most preferred qualification.

Are CMA or MBA candidates eligible?
Yes, Cost Accountants (CMA) and full-time MBA/PGDM (Finance) holders are eligible.

Are government accounts service officers exempted from qualification requirements?
Yes, certain Organized Group ‘A’ Accounts Service officers may be exempted subject to experience criteria.

What minimum experience is required for this role?
A minimum of 5 years of cumulative senior-level experience in the last 10 years is required.

What type of experience is considered relevant?
Experience in corporate financial management or corporate accounts in reputed organizations.

Is experience in large organizations mandatory?
Yes, experience must be from organizations of established repute.

What are the main responsibilities of the Director (Finance)?
Overall financial management, accounts, fund management, asset monetization, compliance, and strategic financial planning.

Does the role involve statutory compliance?
Yes, ensuring compliance with all statutory and regulatory requirements is a key responsibility.

Is asset monetization part of the role?
Yes, strategic monetization and optimization of company assets is included.

Will the Director (Finance) oversee joint ventures?
Yes, including financial oversight of MMTC-PAMP India Pvt. Ltd.

Is debt recovery part of the job role?
Yes, managing debt recovery and financial legal cases is part of the responsibilities.

What is the mode of application?
Applications must be submitted online through the PESB website.

Which website should candidates apply through?
Applications are to be submitted via https://pesb.gov.in.

Is offline submission allowed?
Yes, candidates can submit a printed application through proper channels after online submission.

What is the last date to apply online?
The last date for applicant submission is 30 January 2026 by 3:00 PM.

What is the last date for forwarding applications by nodal officers?
The last date is 9 February 2026 by 5:00 PM.

Who forwards applications for government candidates?
Applications are forwarded by the Cadre Controlling Authority or Administrative Ministry.

How do private sector candidates submit their applications?
Private sector candidates submit applications directly to PESB.

Are supporting documents required for private sector candidates?
Yes, audited annual reports, listing proof, role proof, and qualification documents are required.

How many years of annual reports are required from private sector applicants?
Audited annual reports for the previous three financial years are required.

Is vigilance clearance required?
Yes, vigilance clearance is part of the selection process.

What happens if an application is incomplete?
Incomplete or late applications are rejected outright.

Is an undertaking mandatory with the application?
Yes, candidates must submit an undertaking to join if selected.

What happens if a candidate refuses to join after selection?
A two-year debarment from Board-level CPSE positions applies.

Does the debarment rule apply to all candidates?
Yes, it applies to government, CPSE, SPSE, and private sector candidates.

Who conducts the interview for this post?
The Public Enterprises Selection Board (PESB) conducts the interviews.

Does PESB have the right to shortlist candidates?
Yes, PESB may shortlist candidates based on its guidelines.

Is this a permanent position?
It is a tenure-based appointment, not a permanent post.

Why is this role considered prestigious?
It is a Board-level role in a Miniratna CPSE with national and international financial responsibilities.

Does the role involve international exposure?
Yes, MMTC’s global trading operations provide international finance exposure.

Is this opportunity suitable for senior finance professionals?
Yes, it is specifically designed for experienced senior-level finance leaders.

Can candidates from Armed Forces apply?
Yes, officers of Major General rank or equivalent are eligible.

What is the advertisement number for this vacancy?
The vacancy is advertised under Advertisement No. 4/2026.

Is this a competitive recruitment process?
Yes, due to strict eligibility criteria and limited Board-level positions.

Where can candidates find official updates?
All official updates are available on the PESB website.